Fw: BC government launches consultation on new legal structure for social enterprise!

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“When you do the common things in life in an uncommon way, you will command the attention of the world.” George Washington Carver

What is Social Entrepreneurship?

Statement of Faith
You can find other “Market with Meaning” but you definitely want to see “Profit with Purpose”.
I personally “Believe in Kingdom Transformation” because I know there is only ONE “Life for Significant”.

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2010年10月21日 星期四,BC Centre for Social Enterprise <stacey@centreforsocialenterprise.com> 寫道﹕

寄件人: BC Centre for Social Enterprise <stacey@centreforsocialenterprise.com>
主題: BC government launches consultation on new legal structure for social enterprise!
收件人: incubator.hou@gmail.com
日期: 2010年10月21日,星期四,上午2:45

Community Interest Companies in BC – Consultation Invitation
October 20, 2010

We are DELIGHTED to share the news that the BC Ministry of Finance is considering amendments to the Business Corporations Act to allow for the incorporation of a new hybrid type of company – the Community Interest Company (CIC) – which would benefit the larger community and allow limited investor returns within the context of a traditional for-profit company.

CICs would be incorporated with all the flexibility and certainty of regular companies, but under legislation that ensures that they primarily benefit the community. Dividends on CIC shares and interest on bonds would be limited to ensure that profits are either retained by the CIC or funneled to the community benefit.

Becoming a CIC would signal publicly that a company will be conducting its business for social / environmental purposes and not purely for private gain. This “branding” could help attract investment capital that is currently not accessible to the social enterprise sector.

CICs would allow an option currently not available with a regular business corporation, whose primary focus is making money for shareholders; or a society, which is not permitted to make a profit.

The purpose of this consultation is to seek the input of all British Columbians on the CIC model and its potential impact on existing non-profit and for-profit entities operating in the province. You are invited and encouraged to participate in this consultation by responding to the questions in the attached consultation letter or by providing your own comments on the CIC model.

We urge your participation in this consultation, whose processes echo that of the recent provincial consultation on the BC Society Act.

Backgrounders on this issue are available on our homepage, here.

The deadline for feedback is December 1, 2010.

For more information, please click here.

For more information on the BC Centre for Social Enterprise, click here.
Stacey Corriveau

BC Centre for Social Enterprise

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BC Centre for Social Enterprise | stacey@centreforsocialenterprise.com | Abbotsford | BC | Canada



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